CPBIMEDIUM SIGNALFINANCIAL10-K

CPBI expanded its branch network and consolidated market focus while generating solid deposit growth and net interest income expansion, though operating cash flow declined.

The company has strategically expanded from six to eight branch offices while consolidating its primary deposit market to focus on six core Nebraska counties, suggesting a more targeted growth approach. The increase in outstanding shares from 4.1M to 4.2M indicates modest equity financing activity during the period.

Comparing 2025-06-26 vs 2024-06-21View on EDGAR →
FINANCIAL ANALYSIS

CPBI demonstrated healthy balance sheet growth with total deposits expanding 10.9% to $416.2M and corresponding liability growth of 10.5%. Net interest income grew a solid 17.8% to $24.7M despite interest expenses rising 26.6% to $8.2M, indicating successful margin management in a challenging rate environment. However, operating cash flow declined 21.9% to $4.5M, which warrants monitoring as it suggests potential working capital pressures despite the top-line growth.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+26.6%
$6.5M→$8.2M

Interest costs rose 26.6% — monitor debt levels and coverage ratio in rising rate environment.

Operating Cash Flow
Cash Flow
-21.9%
$5.7M→$4.5M

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

Net Interest Income
P&L
+17.8%
$21.0M→$24.7M

Net interest income grew 17.8% — benefiting from rate environment or loan book expansion.

Total Deposits
Balance Sheet
+10.9%
$375.1M→$416.2M

Deposits grew 10.9% — expanding customer base or increased trust in the institution.

Total Liabilities
Balance Sheet
+10.5%
$385.0M→$425.4M

Liabilities increased 10.5% — monitor debt-to-equity ratio and interest coverage.

LANGUAGE CHANGES
NEW — 2025-06-26
PRIOR — 2024-06-21
ADDED
As of June 26, 2025, there were 4,224,078 shares outstanding of the registrant s common stock.
At March 31, 2025, we had consolidated assets of $508.7 million, consolidated deposits of $416.2 million and consolidated stockholders equity of $83.3 million.
General We conduct our operations from our main office in Grand Island, Nebraska, eight branch offices located in Grand Island, Hastings, Holdrege, Lexington, Lincoln and Superior, Nebraska, and a drive-up facility in Grand Island, Nebraska.
We consider our primary market area for deposit gathering to be the Nebraska counties of Adams, Dawson, Hall, Lancaster, Nuckolls and Phelps.
We consider our primary market area for deposit gathering to be the Nebraska counties of Adams, Dawson, Hall, Nuckolls, Phelps, and Lancaster County.
Floating or Total at Fixed Adjustable March 31, Rate Rate 2025 (Dollars in thousands) Real Estate - Construction $ 4,769 $ 3,793 $ 8,562 Real Estate - Commercial 42,880 69,032 111,912 Real Estate - Residential 89,417 66,056 155,473 Commercial Non-Real Estate 14,945 10,416 25,361 Agricultural 6,335 19,479 25,814 Other Consumer 8,771 8,771 Land Development and SIDs 10,437 2,613 13,050 Total $ 177,554 $ 171,389 $ 348,943 Real Estate - Residential .
At March 31, 2025, we had $161.1 million of loans secured by one- to four-family residential real estate and multi-family real estate loans, representing 40.06% of total loans as of that date.
At March 31, 2025, we had $41.4 million in multi-family residential real estate loans, representing 10.29% of our total loan portfolio.
At March 31, 2025, we had $120.2 million in commercial real estate loans, or 29.88% of total loans.
At March 31, 2025, our largest commercial real estate loan had an outstanding balance of $7.7 million and was secured by a single retail grocery chain property located in our primary market area.
REMOVED
As of June 21, 2024, there were 4,130,815 shares outstanding of the registrant s common stock.
(the Company ) was formed to serve as the holding company for Home Federal Savings and Loan Association of Grand Island (the Association ), upon the Association's conversion into the stock form of organization, which was completed on October 19, 2023.
Accordingly, the audited financial statements, as well as other financial information at or prior to October 19, 2023, contained in this Annual Report on Form 10-K relate solely to the consolidated financial results of Home Federal Savings and Loan Association of Grand Island and Subsidiary.
At March 31, 2024, we had consolidated assets of $463.2 million, consolidated deposits of $375.1 million and consolidated stockholders equity of $78.2 million.
General We conduct our operations from our main office in Grand Island, Nebraska, six branch offices located in Grand Island, Hastings, Holdrege, Lexington and Superior, Nebraska, a drive-up facility in Grand Island, Nebraska and a loan production office in Lincoln, Nebraska.
We consider our primary market area for deposit gathering to be the Nebraska counties of Adams, Dawson, Hall, Nuckolls and Phelps, with Lancaster County included in our primary market area for lending activities.
We consider our primary market area for deposit gathering to be the Nebraska counties of Adams, Dawson, Hall, Nuckolls and Phelps, with Lancaster County included in our primary market area for lending activities.
Floating or Total at Fixed Adjustable March 31, Rate Rate 2024 (Dollars in thousands) Real Estate - Construction $ 8,628 $ 572 $ 9,200 Real Estate - Commercial 44,275 65,832 110,107 Real Estate - Residential 93,303 50,890 144,193 Commercial Non-Real Estate 17,336 11,554 28,890 Agricultural 5,554 6,988 12,542 Other Consumer 19,392 19,392 Land Development and Sanitary Improvement Districts (SIDs) 12,521 2,460 14,981 Total $ 201,009 $ 138,296 $ 339,305 Real Estate - Residential .
At March 31, 2024, we had $149.9 million of loans secured by one- to four-family residential real estate and multi-family real estate loans, representing 39.41% of total loans as of that date.
At March 31, 2024, we had $35.2 million in multi-family residential real estate loans, representing 9.26% of our total loan portfolio.
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